Telefonica: exit plan for 6-7 thousand employees within the year
Telefonica announced a staff reduction plan involving several subsidiaries, with preferably voluntary departures.
Telefonica is preparing to present an ambitious staff reduction plan by the end of the year, with preferably voluntary departures, which will initially affect at least 6,000 employees.
The main change, compared to the previous ERE (Expediente de Regulación de Empleo) exit plans, will be that it will affect several subsidiaries of the group, in addition to the three (Telefonica de España, Telefonica Moviles and Telefnica Soluciones) grouped together under the Affiliated Companies Agreement (CEV).
Expansion writes this, pointing out that a Telefonica spokesperson said that the telecommunications company 'is working on numerous analyses in all business areas, but the possibility of an ERE (Expediente de Regulación de Empleo) is not currently on the table'.
If the number of branches to which it applies were to be expanded, writes the newspaper, the total number of employees initially affected could rise to 7,000 out of a total of approximately 25,000 employees.
According to Expansion, Telefonica's timetable is to officially communicate the plan to union representatives within a few weeks, after the presentation of the Strategic Plan on 4 November, probably between mid-November and early December.
